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in math and science. he was even the science student of the year at the university of illinois. but after his adoptive mother passed away, ellis oon dropped t of school and headed to california with little money in his pocket. his skills were quickly recognized. he helped build the first ibm compatible mainframe system. in 1977, he and two of his colleagues broke off and started a company that would eventually become oracle. ellison took the company public in 1986, already a billion-dollar enterprise. now a $100 billion company, his mystique has grown as a billionaire who lives on the edge. he's made shareholders nervous while suffering body blows from mountain biking and surfing. he won a yacht race in sidney overcoming hurricane-strength winds that sank five competitors and drowned six participants. some have speculated he's the inspiration for the tony stark character in "the iron man" films, with ellison even making a cameo in the most recent sequel. ellison's passion for boating it now focused on the america's cup competition. >> this sis extreme sailing. >> he's the principle suppor
each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> tomorrow, a double dose. >>> finally today, my observation on savers versus spenders. it is good news, as we spoke about earlier, that we are seeing a generational shift happening on the heels of the financial cry sisisis. younger people are spending less. the unintended consequences of all of the free money and stimulus from the federal reserve. these young savers are being hurt by artificially low interest rates. i've always been a big saver. my mother drilled into me the dangers of leaving yourself vulnerable if life throws you a curveball like losing your job or god forbid an illness. i have always been one to save first and spend later. no doubt about it. that's who i am. today's youngsters have learned from their parents to do the same after witnessing job cuts and foreclosed homes firsthand. as the fed keeps pumping money to save the economic recovery and makes these promises to keep rates at rock bottom levels until at least 2015, those people are losing money, just by keeping it in ro
guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. [ male announcer ] introducing a reason to look twice. the entirely new lexus es and the first-ever es hybrid. this is the pursuit of perfection. >>> welcome back. with 30 seconds on the clock, our next guest will tell us what else they think will move the markets tomorrow. . ward, let's kick it off with you. what do you want to look at tomorrow when the opening bell sounds? >> i think the growth rate will be similar to the second estimate. some compositional changes will portend for slower growth and will grow 1% to 1.5% in q3 and q4 paving the way for the fed to convert operation twist into a q.e. with purchases of 30-year treasury bonds. >> we'll watch that. dan, you're up for tomorrow's trading session? >> maria, the market's going to look at a couple of things. initial claims, durable goods, gdp as ward said. if they show weakness, the market could struggle a little more. but we look for companies with strong earnings, capability to grow and a so
straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back. my next guest has a long history on wall street and washington. in the '80s, robert hormats was secretary of affairs. he was vice chairman of goldman sachs. basically, he's a big shot. welcome, bob. great to have you on the program. >> always a pleasure. >> so much to talk about. where are you just back from? >> i was at the conference, the apec conference in the russian far east, which is booming with energy and a lot of other things. >> are they not getting impacted by europe? you have europe a complete mess, china slowing down. how worried are you about global growth? >> i am worried about global growth. i don't think it's a crisis. certainly many parts of europe are slowing down. china is slowing down, although it's still growing at a reasonable rate. certainly we're going to see a slow down. it's one that need not lead to a sharp downturn. it'll certainly slow growth around the world and will certainly adversely affect tr
saw. first, computer sciences. google, western digital. these were seeing 30% to nearly 50% moves. on the downside, we saw amd having a 41% drop for the quarter. to give you a little bit of perspective on that competitor, intel down only about 14%. finally, the utilities was the worst performing sector this quarter. the only one up today. aes first energy was a lagger. it wasn't all bad news. nrg energy and american electric power were higher, as you can see there. a lit of a mix. when all is said and done, not a bad quarter, given both the domestic and international environments, the uncertainty we've seen, the election is coming. we did well for the third quarter. >> all right. sure did. thank you so much, jackie. don't even think about touching that remote. we have a lot more ahead on this friday edition of the "closing bell." >>> mortgage rates hit rock bottom again, so why aren't home sales blowing through the roof? housing in the spotlight up next. >>> and later, she's actually not crazy. the subsidized program for the poor has mushroomed since 2008 due to possible abuse. we
Search Results 0 to 4 of about 5

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